Mixed-Use Building in
1126 12th Ave Honolulu, HI 96816
1126 12th Ave, Honolulu, HI, 96816
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For Sale
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Three-story mixed-use building with retail and office space in Honolulu.
Property Size10,990 SF
Price / SF$555.05
Days on Market616
Property Features for 1126 12th Ave
General Information
- Standard status
- Active
- Size
- 10,990 SF
- Property subtype
- Office, Retail
Listing agency
Cushman & Wakefield ChaneyBrooks
(808) 544-9561
Listed by
Salvador Fasi · License #HI
Source
Crexi
Added: Nov 12, 2024 Updated: Jul 6 at 8:08AM Checked: Jul 21 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield ChaneyBrooks
Investment Insights
Based on property information with market context.
The property at 1126 12th Avenue is a three-story mixed-use building featuring retail and office spaces, situated in Honolulu’s Kaimuki neighborhood. The building offers 9,523 square feet of leasable area and maintains a 96% occupancy rate. While the property itself does not include on-site parking, the rear of the building provides direct access to a municipal parking lot. The property is located in the Kaimuki neighborhood, which is known for its local atmosphere and diverse mix of eateries, boutiques, coffee shops, and small businesses. Its location offers proximity to Waikiki and downtown Honolulu.
Key Highlights
- High occupancy rate of 96%
- 9,523 square feet of leasable area
- Located in the desirable Kaimuki neighborhood
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.5k | $39.72 |
| − Vacancy | −$21.0k | −$1.91 |
| EGI | $415.6k | $37.81 |
| − OpEx | −$124.7k | −$11.34 |
| NOI | $290.9k | $26.47 |
10,990 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.85M
NOI $290,899 @ 7.0% cap · market cap 4.77%
Second Best
Office B
$4.02M
$3.52M – $4.69M
NOI $281,275 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$4.45M
$3.90M – $5.19M
NOI $311,677 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Ritual Grove
Coworking & Hybrid Office
Dahlia Bursell Acupuncture
Medical Clinic
Alternative Health
Alternative Medicine Practice
Miso 808 Meditate
Alternative Medicine Practice
Ebisu Y & Associates
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building with retail and office space in Honolulu.
Where is this mixed-use property located?
The property is located at 1126 12th Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: High occupancy rate of 96%; 9,523 square feet of leasable area; Located in the desirable Kaimuki neighborhood
